Understanding Credit
Authored by Kimberly Apple
Other
11th - 12th Grade
Used 36+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The moment you take out a loan, you're starting to build your credit history.
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A car loan doesn't count on your credit report.
True
False
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your credit score is directly related to your credit history.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your credit score rarely changes.
True
False
5.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
With a credit score in the 300 to 600 range (select all that apply):
getting a credit card or loan should be a piece of cake.
you'll need to work hard to improve your score.
getting a credit card will be a problem.
you will pay more for credit (if you get it at all).
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The more credit cards you have, the better your credit score.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Paying off credit card balances completely and then cancelling the card improves your credit score.
True
False
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